Inflation Rate Trends and Forecast for Austria from 1990 to 2029

Austria's inflation remained steady in the early 1990s, peaking slightly at 3.4% in 1992 before declining below 2% by 1996. Economic stability characterized much of the 2000s, with inflation fluctuating between 1-2% until the 2008 financial crisis, when it rose to 3.2%. Post-crisis, inflation moderated to around 1.5% by 2019.

The COVID-19 pandemic and the energy crisis drove inflation to 8.6% in 2022. Although high, rates are projected to decline to 2.1% by 2029 as global conditions stabilize. This reflects Austria's resilience and alignment with broader European economic trends in managing inflationary pressures.